Office

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January 16, 2008

Northeast Office

STAG CAPITAL PARTNERS ACQUIRES OFFICE/FLEX BUILDING

by admin January 15, 2008

PITTSBURGH — STAG Capital Partners has acquired a 53,183-square-foot office/flex facility located within the Washington Landing mixed-use development in Pittsburgh. McKesson Specialty Pharmaceuticals leases the building, which is situated on 4 acres at 700 Waterfront Dr. The building was bought as part of a tri-party agreement with McKesson and the Pittsburgh Economic and Industrial Development Corp. (PEIDC). Lou Oliva of Grubb & Ellis and Alex Somerville of CB Richard Ellis represented McKesson in the transaction, PEIDC represented itself in-house and Mike Chase represented STAG in-house.

January 15, 2008

Office Texas